Unigestion Holding SA Takes Position in Dover Co. (NYSE:DOV)

Unigestion Holding SA purchased a new position in shares of Dover Co. (NYSE:DOV) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,834 shares of the industrial products company’s stock, valued at approximately $1,502,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Independent Advisor Alliance boosted its position in Dover by 0.3% during the third quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock worth $3,458,000 after purchasing an additional 58 shares in the last quarter. Main Street Financial Solutions LLC lifted its position in Dover by 2.7% during the third quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company’s stock worth $432,000 after buying an additional 60 shares in the last quarter. Valmark Advisers Inc. boosted its stake in Dover by 1.6% during the second quarter. Valmark Advisers Inc. now owns 3,962 shares of the industrial products company’s stock worth $715,000 after buying an additional 63 shares during the last quarter. Empower Advisory Group LLC grew its holdings in Dover by 3.7% in the 3rd quarter. Empower Advisory Group LLC now owns 2,030 shares of the industrial products company’s stock valued at $389,000 after buying an additional 73 shares in the last quarter. Finally, First Commonwealth Financial Corp PA raised its holdings in shares of Dover by 2.2% during the 3rd quarter. First Commonwealth Financial Corp PA now owns 3,459 shares of the industrial products company’s stock worth $663,000 after acquiring an additional 73 shares during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DOV has been the topic of a number of analyst reports. Mizuho lifted their target price on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Wells Fargo & Company upped their price target on Dover from $190.00 to $197.00 and gave the company an “equal weight” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. raised their price objective on Dover from $210.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a research note on Monday, October 28th. Finally, StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dover has a consensus rating of “Moderate Buy” and an average target price of $213.00.

Dover Stock Down 0.2 %

Shares of NYSE DOV opened at $201.34 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The stock has a market cap of $27.62 billion, a P/E ratio of 18.01, a PEG ratio of 2.71 and a beta of 1.22. The business’s fifty day simple moving average is $196.63 and its 200-day simple moving average is $187.08. Dover Co. has a 12-month low of $143.52 and a 12-month high of $208.26.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.515 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.02%. Dover’s payout ratio is 18.43%.

Dover Company Profile

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.